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Whistling in the dark
Monday and Tuesday were supposed to be the days for the mock auction for 3G spectrum, with the final auction to be held on January 14. Naturally, then, reporters rushed to meet Telecom Minister A Raja when the last date for the mock auctions passed without anything happening. Instead of announcing a new date, or giving the usual “no comment”, Raja surprised everyone by saying, “The date has not been pushed.”

DCGI to issue CoPP & WHO certificates for export from October
The Drug Controller General of India from next month will issue Certificates of Pharmaceutical Products (CoPP) and Certificates of Good Manufacturing Practice for medicinal products required for exports.

News of the day

WEEKLY REVIEW: Markets end in green despite volatility
Late-noon short covering boosted markets to stage a spectacular recovery on the last trading day of this week. The Sensex gained 173 points from last week"s close to end with a gain of 1% at 17,022. The Nifty surged 1% to 5,052, helped by banking and oil stocks.
Home Business

Twitter buys location tracking entity Mixer Labs

Famed micro-blogging site Twitter has acquired location tracking firm Mixer Labs for an undisclosed amount. - Twitter said to be profitable after making $25 mn search deals - Iranian elections top Twitter topic for 2009 - After Nifty, NSE tweets on Junior Nifty, currency derivatives - Guest Column: Real-time search "going mainstream" - How other countries fare - Fundamentals for a new age The acquisition would help the site to enhance the "contextual" relevance of location to tweets -- messages posted on the site which can have a maximum of 140 characters. In a blog on Wednesday, Twitter said it has bought Mixer Labs without disclosing the financial details. Mixer Labs is the creator of GeoAPI, a comprehensive service for helping developers build geolocation-aware applications. "...(Mixer Labs) they"re part of Twitter and will be working to combine the contextual relevance of location to tweets," the blog noted. Both entities would together develop features to make the micro-blogging site more interesting and "relevant to daily life", irrespective of one"s location. "As a dramatic example, twittering "Earthquake!" alone is not as informative as "Earthquake!" coupled with your current location," the blog said. A popular site for social networking, Twitter is estimated to have more than 50 million users across the world.


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